Member Info for SpaceHoppa

''The Suez incident merely shows how easy it is to block such an important artery and the serious World-wide consequences that follow.''

Indeed Ovets, imagine a co-ordinated sinking of a super cargo carrier in both the Suez and Panama Canals.

Too many people way way over analyse this.
Harbour will develop Sea Lion if they believe it will make them enough money, and if the risk is low enough to warrant the investment. It's really that simple!!

As things are looking, the world economy will probably start motoring again within a year and the green revolution is a very long way off, despite the over optimistic mutterings of soft in the head politicians who pander to the lobbyist and populist demands. I expect Harbour will sanction Sea Lion but nothing is ever certain.

Probably going to meander around these levels until some news, or POG moves it one way or the other. However, it is over sold in my opinion, so it will get a good bed and ISAering shortly.

As mentioned before, don't take usual teething problems at start up as a reason to dump a quality asset, with quality management, quality equipment in a safe country. Lovely grades!

PUREGOLD DRILLING RETURNS HIGH GRADES INCLUDING 56.6 G/T GOLD OVER 1.0 METRES

Underground drilling intersects higher gold grades adjacent ongoing mine development

VANCOUVER, B.C. - Pure Gold Mining Inc. (TSX-V: PGM, LSE:PUR) ("PureGold" or the "Company"), is pleased to report high grade drill intercepts returned from underground drilling completed during the first quarter of 2021. This drilling targeted zones in close proximity to new ramp development and adjacent to planned stoping areas with the goal of expanding available reserves and increasing grades in the near-term mine plan. As underground development at the PureGold Mine continues to progress rapidly toward commercial production and unlock access to high grade ore, these positive results highlight the clear path to significantly improve the already strong mine plan over the next 12 months.(1)

Underground drilling results highlights:

-- 56.6 g/t gold over 1.0 metre from drill hole PGB-0186;
-- 8.7 g/t gold over 7.9 metres from drill hole PGU-0184; including
44.4 g/t gold over 1.0 metre;

-- 7.5 g/t gold over 4.0 metres from drill hole PGB-0194; including
19.9 g/t gold over 1.0 metre ;

-- 30.5 g/t gold over 0.6 metres from drill hole PGB-0195;
-- 4.6 g/t gold over 7.0 metres from drill hole PGU-0182; including
10.2 g/t gold over 1.0 metres;

-- 13.4 g/t gold over 1.1 metres from drill hole PGP-00004;
-- 11.5 g/t gold over 1.0 metres and 10.5 g/t gold over 1.8 metres from drill hole PGB-0203.

I could say it's you who are missing the point SB. You suggest the lawyers won't lose money, and now you say the insurance company wont lose money either!

I say forget your hypothetical Schrodinger's Win Win cat. The lawyers wont be doing all this work just to cover their costs, and insurance companies never ever plan to back losers with an attitude of we only need to win 51% of the time.

'' all these "no win no fee" lawyers insure themselves against losing a case, and the cost of that insurance is embedded into the win fee''

This sounds a reasonable argument on the surface, but is it??

This suggest the lawyers shift all the risk to the insurance company, as in heads the lawyers don't lose, tails they win big. However, for the insurance company it's head I lose, tails I win.

In this scenario, any sophisticated insurance companies will ALSO do due diligence, to stack the chances of them making money in their favour, and by that they would also have good expectations that the lawyers will win the case, and that they do NOT pay out.

So we are back again to the expectation that the lawyers ''will win'' the ICSID case.

Mr Steve0, starting at an award of Euro15millions is not a shabby start given the Rocks £balance account that might run out in 1.5 to 2 years. This I feel is a base case very likely outcome.

Yes the 'icing' will be a generous award to cover future lost profits, and this aspect is much more of an unknown, so a potential massive boost to Rock, but also the icing if we get it.

For me, when it comes down to Rockhoppers arbitration, it is not trust in Italy, ICSID or the Rock
it's trust in the lawyers who committed to take on the case on a no win, NO FEE basis.

This is their bread and butter, they make or lose substantial money on the outcome,
so one would expect their initial due diligence, showed the reward was worth the risk.

Now it may be they calculate that getting Rockhoppers costs back is a given, and that it's worth the effort for just that.
However I like to think that they genuinely feel they can get more than that.

This is what I wrote back 9th February
'the first few quarters after first pour are all about getting the operation perfected.
Q1 2021 will be nothing like what Q1 2022 will be.'

And so it is. The drop in the SP is over done.
However, it is a buying opportunity if you are prepared to wait for the company to get it's ramp up perfected.
It would have been nice if the Rns said all went exactly to plan......but that is not how these things normally go!
I am not happy at the SP, but I am not overly surprised at the ''teething problems''.

Typical ramp up problems.
It normally takes a while to get a slick operation going
but it does explain now, why the SP wasn't flying
although to be fair, most gold producers have slumped recently.

Hi Bingo, the headline spread is often wrong. The true spread was more like 101 -104
Anything similar to my 9000 purchase at 103.39 was likely a buy.

Not for everybody, but I sold 9000 at about 108 and just bought back in at 103.4
Seems a trade of about 10p has developed before hopefully breakout news north.
Done this with 9000 shares 3 times now and banked over£2000 in a month or so.
I am back to 65,000 shares but 50,000 is my base holding.

Looking forward to more spectacular drill results and how the ramp up is going.
It will take probably best part of the year to fine tune production but by Q2 they should be getting a good grip of it.

Whilst I like the rise in the share price, as I have over five hundred thousand of the Rock
I don't see this rise as anything other than investors hoping for a swift rise on a favourable award.
I doubled my Rock a year ago with that thought,it's been a longer wait than I thought!!
Thankfully it looks like we will hear the outcome soon.

I don't think anyone has any knowledge as to the outcome, but back ground mood music is looking good.

VP Phil Smerchanski takes 700,000 cheap Pure shares, and flogs off half of them.
Again it shows a lack of faith by the directors, and it's been since May last year that one actually bought a share!!
On the plus side at least he did not sell all of them!

It will be interesting to see if the dominent Canadian market pull tge share price higher here when it opens.

and a nice reminder about commercial production from Darin Labrenz, President and CEO of PureGold.
"With our PureGold Mine now pouring gold and nearing commercial production''

"The latest results from our ongoing surface exploration program are consistent with our strategy of continuing to expand our resource base well beyond our current Mineral Reserves to support organic growth of the PureGold Mine for many years to come. As we continue to systemically discover new zones and expand the areas of known high grade gold mineralization on our property, results such as these broad, high grade intervals are exciting, as they reinforce the continuity of high-grade gold mineralization across our seven kilometre gold corridor both laterally and at depth," stated Darin Labrenz, President and CEO of PureGold. "With our PureGold Mine now pouring gold and nearing commercial production, we remain as committed as ever to growth through exploration as we continue our mission to unlock the full potential of the PureGold Mine in Red Lake, Canada."

PUREGOLD SURFACE EXPLORATION DRILLING INTERSECTS HIGH GRADE GOLD AT THREE TARGETS NEAR PUREGOLD MINE

16.6 g/t gold over 5.0 metres at Wedge, 19.2 g/t gold over 1.1 metres at Treasure Box, and 16.1 g/t over 2.0 metres at No. 1 Vein highlight organic growth potential of the PureGold Mine

VANCOUVER, B.C. - Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) ("PureGold" or the "Company"), is pleased to announce that surface exploration drilling has intersected high grade gold mineralization located outside PureGold's existing Mineral Resources(1) at three distinct targets-Wedge, Treasure Box, and No. 1 Vein - as shown on the map linked below . The continued success of the ongoing surface exploration program is consistent with the Company's objective of fueling PureGold's future organic growth beyond the Phase 1 Mine by discovering new zones and expanding upon known zones of high grade gold across the Company's 47km(2) property. An updated mineral resource estimate is in progress and is anticipated to be published in the second quarter.

Drilling results highlights:

o 16.6 g /t gold over 5.0 metres from drill hole PG20-817 at Wedge-ST; including 33.0 g/t gold over 1.0 metre and 19.5 g/t gold over 1.0 metre

o 10.5 g/t gold over 3.5 metres from drill hole PG20-797 at Wedge-ST; including 28.9 g/t gold over 1.0 metre ;

o 9.9 g/t gold over 1.1 metres and 13.5 g/t gold over 1.1 metres from drill hole PG20-792 at Treasure Box;

o 19.2 g /t gold over 1.1 metres from drill hole PG20-803 at Treasure Box;

o 16.1 g/t gold over 2.0 metres from drill hole PG21-828 at No. 1 Vein.

'He seems to think it's all a bit unfair...'

Lol, great find Mr Mogger.
I'd say he almost sounds beaten as well !

It is always good to have some balance, to see as much of the world picture as possible.
And a reminder how that miners need to keep on top of their AISC to maximise profits.

https://twitter.com/PureGoldRedLake/status/1362527027677384704?s=19

Almost as if they now care about the crashed SP. To be fair it is a good promo vid.